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RE: Echoes of the 2008 Stock Market Crash and Housing Meltdown? By Gregory Mannarino
What I want someone to answer is how are mining and metals stock funds going to fare in all of this????? I have some money in them. I cannot transfer that money to gold or silver otherwise I would. If the market has a crash or large correction and metals go up, how would the mining stock funds do?????
Given your assumption that the metals go up I would say your fine especially if you can handle the shortterm volatility, even if the miningshares might do a initial pullback/crash (not saying they will, just saying it could) you own shares of real companies that will make a lot of money if the gold they are sitting on goes up as assumed. Personally Im prepared for both a scenario like 2008 (where everything went down, inclusive miningshares, gold, silver before they skyrocketed) and another scenario where there is no crash or bigger correction and the miningshares explodes higher from the base we are building here, tough times out there right now, most guys that say they know what is gonna happen are either product sellers or liers. Also worth pointing out all miningshares are not the same, different risk in different projects, exploration companies, optionality plays, producers have all different kind of potential and risks, also geopolitical risk, costrising enviroments and other things might be wise to have in mind. Full disclosure I am heavily invested in precious metal shares :)
seams like a crap shoot I am invested in metals too. Smart to do so. Thanks
I invest in miningshares and physical metals for 2 different reasons, miningshares for making $$$ and physical foremost for security & insurance. Not much beating the feeling of holding physical Au & Ag in your hand but I also want the leverage to the upside that miningshares provide. As a sidenote to people that has very limited experience in the mining business it is very volatile and not for everyone, I follow markets daily, for most people I would probably recommend to buy a few of the streamers, Franco-nevada, Wheaton Precious Metal (former Silver Wheaton) & Sandstorm gold. Those are a lot safer plays with less costs, more diversification and huge margins compared to a single mine that has all kind of risks to it.
When metals go up minning will go up as well.
That was what I thought too but was not certain.
Yeah also a subject that I am interested in knowing!